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7 sycamore, Worcester, Massachusetts


7 sycamore, Worcester, Massachusetts 01608
- MLS® ID: 72196968

Property Details

7 sycamore, Worcester, Massachusetts 01608 - CASH COW, This property has been well kept by the same owners for many years, now retiring , It consists of two 1 bedroom apartments and a 15 room boarding house. completely compliant with license, sprinklers and an in house manager. Owner tells me that vacancy is not a problem, if someone moves out, there is someone ready to move in. Gross rent is $108,780 yearly. Expenses include 5% each for vacancy, management, and maintenance. This brings the net to $67,630.00. Most of the rent have been raised as of Aug 1st which improves the gross that are still below market and have not yet been put into this gross. A few of the tenants have been in the building several years. The income also does not include the coin op washer and dryers. There has never been a 5% vacancy. the 5% for management is not a statement of what this manage is being paid, but just an industry standard number. New owner can work out their own deal with this manage or their own new manager.


  • Zip01608
  • CountyWorcester
  • SQFT7623
  • StatusActive
  • Purchase TypeActive
  • Property typeCommercial/Industrial
  • Zoning typeBG3
  • Year built1920
  • Parking3
  • Tax amount$6,261.88
  • Tax year2017
  • MLS® ID72196968

Listing Courtesy of Real Living Barbera Associates | Worcester

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